68th Meeting of the Central Bank Council


25/06/2020

The Council of the Central Bank of Montenegro (CBCG) held its 68th meeting today, chaired by Governor, Mr. Radoje Žugić.


The Council issued a decision rejecting the request for issuing a license to a bank because relevant information collected during the relevant proceeding disclosed that the conditions for issuing a license set out in the Banking Law were not met.


The Council also issued a decision rejecting the request for issuing a license to a microcredit financial institution, because it did not meet the conditions set out in the Law on Financial Leasing, Factoring, Purchase of Receivables, Micro-Lending and Credit-Guarantee Operations.


In addition to the aforesaid, the Council also considered other current issues within its competence.